skuldabréfi
A skuldabréf, commonly translated as a promissory note or bond, is a legal document that serves as written evidence of a debt. It outlines the terms and conditions under which one party (the debtor) owes a specified sum of money to another party (the creditor). The document typically includes essential information such as the principal amount of the debt, the interest rate (if any), the repayment schedule, and the maturity date. It may also contain details about collateral, if applicable, and any penalties for late payment.
The primary function of a skuldabréf is to formalize a loan agreement and provide legal recourse for
Skuldabréf are used in a wide variety of financial transactions, ranging from simple personal loans between